*** Las Vegas & Henderson Homes and Condos ***

With the Las Vegas real estate market saturated with high end inventory, I decided to develop a search link for all Las Vegas penthouse units listed in the MLS, so that potential buyers & real estate connoisseurs  could easily peruse the listings for sale in the high rises on & near the strip, and mid-rises close to the strip and in the suburbs.

Listings are presented in descending order, from highest price to lowest, but can be sorted by simply clicking on the tab on the left and reverse sorting from low to high. Have a look at the best of the best and CONTACT THE STARK TEAM if anything peeks your interest.

LAS VEGAS PENTHOUSE LISTING SEARCH LINK-CLICK HERE

Visit us at: www.LasVegasCondoExperts.com

Luxury high rise condos on and off the Las Vegas strip are very much in demand these days.  With the current credit crunch & tight financing, many would be buyers are choosing to rent.  The buildings that are residential high rises such as SKY, Allure, Turnberry Place, Turnberry Towers, Panorama Towers, and Metropolis all have different minimum time frames for rentals, ranging from 6 months to a year.

Whether you are looking for a specialist in this arena to help you market their luxury high rises for rent, or whether you are a prospective tenant, Travis Scholl, is one of the leading high rise condominium rental agents in Las Vegas. Travis will help facilitate transactions with his expert knowledge of this market sector. Travis does have access to several condos for rent that are not listed in the MLS.

CONTACT TRAVIS TODAY at 702 232-5376.

CLICK HERE TO SEARCH ALL LAS VEGAS HIGH RISE CONDOS FOR RENT LISTED IN THE MLS

Visit the STARK TEAM on the web at www.LasVegasCondoExperts.com

What's Hot and What's Not in Las Vegas High Rise Condo Real Estate? HOT>>>>>>>MGM Signature Hotel Condo Foreclosures at the right price. Whenever the price gets just right, which seems to be below $300k for a strip view high floor studio with balcony at the Signature at MGM Grand, the multiple offers keep coming in. Sometimes they sell above list, sometimes at list, and in a few rare cases, a tad below list.

These 520 sq. ft. fully furnished and appointed units must be purchased for CASH ONLY.  No financing is available on hotel-condos in Vegas these days.  Proof of funds need to accompany any offer before it can be submitted. But there is no lack of buyers - that is for sure.

What's not hot?  Pre-construction condos. From the articles recently released by MGM/Mirage Corp., with a location as great as the Harmon had, 80 units were pre-sold out of about 200 units - not so hot. I would say the sales velocity has been poor, which is understandable given the current financial crisis.

Why are investors snapping up the MGM condos at the Signature? Folks seem to like the guard gated site. The 3 towers are set on a large lushly landscaped resort-style locale within walking distance of the Planet Hollywood & its shops, The CITYCENTER project and the Cosmopolitan, not to mention, the Bellaggio.  Each Tower has its own pool, and Buyers have use of the MGM pool complex as well.  There is a walkway to the MGM HOTEL, and a great gym, coffee shop and deli in the lobbies and an on-site rental program. With folks getting 1-3% return on their savings from Banks and money market funds, those who enjoy Vegas as a vacation spot find the possibility of easy nightly rental income an added benefit.

Have a peek at the photos below (courtesy & copyright by Lauren Stark, January 2009) &

CONTACT THE STARK TEAM 702 376-5220 for the latest foreclosure deals at the Signature at MGM Grand.

(FYI - This unit is SOLD - We wrote an offer on it for a client for $285k, and there was a higher offer.)

CLICK TO SEARCH ALL RESALES AT THE SIGNATURE AT MGM GRAND CONDOS

Views from TOWER 1 condo # 3617 - A foreclosure priced at $295k

The Tower is the background is the COSMO BEACH CLUB

Towers in the Distance at the right background are the Mandarin Hote & Aria at MGM CityCenter

Great Views of CITYCENTER - VEER TOWERS and to the Right - in the Distance you can see the cranes on the COSMO BEACH CLUB AND WEST TOWERS.

Studio Bathroom Above - Granite Counters - Double Sinks, Jetted Tub!

Fully Furnished!

Queen Size Sleeper Couch in the Living Area of the Studio

Desk Area with Cable Hook-Ups  - Sliders to the Balcony

Wall Unit with TV, Micro, Mini Fridge & Stunning Cabinetry

www.LasVegasCondoExperts.com

Always trying to stay on the cutting edge of Las Vegas high rise market news, I scour the web daily. In the shadow of MGM/Mirage's cancellation of The Harmon condos, comes yet another tale of a troubled high rise project , One Las Vegas, on the south strip.

CLICK TO READ

Of the towers shown in the rendering above, the second two are completed. There are a number of unsold units in these 2 completed towers. Check back for more One Las Vegas news on any deals in the completed towers.

CONTACT THE STARK TEAM

702 376-5220

www.LasVegasCondoExperts.com

Jim Murren, of MGM/Mirage, has announced that contruction of the Harmon Condos has been halted 

CLICK TO READ THE LATEST MGM CITY CENTER LAS VEGAS DETAILS

The Harmon is the rightmost tower in the above rendering of the MGM CITYCENTER development and is located across from the COSMOPOLITAN RESORT. These condo units at the Harmon were artfully designed with walls of curved glass.  Turnberry Towers, has some end units that feature similar curved glass design and units are on the resale market for half the price per sq. ft. as the Harmon.  In this very challenging economic climate, it may be a blessing for the buyers of the Harmon to have had their deposits refunded. The MUCH BETTER VALUES ARE IN THE RESALE MARKET.

This is not necessarily the case in the single family home arena where national home builders are becoming increasingly aggressive with their pricing in an effort to compete with the foreclosures that are prevalent in every community. 

Need advice sifting through the options available in Las Vegas real estate today?

Contact THE STARK TEAM at 702 376-5220 for all your Las Vegas Luxury Real Estate needs both on & off the strip.

www.lasvegasluxuryhomes.com   www.lasvegascondoexperts.com  www.lasvegashighrisebargains.com

January 2009 - Las Vegas Strip Area Real Estate News FLASH>>>>>CLICK TO READ

There is an old saying, "The third time's a charm!" After two thwarted attempts to buid on the site to the west of the Hard Rock hotel, and following the demise of Las Ramblas and the Edge's Group's the "W", comes another urban design by AFI Group.  The location is fabulous, sitting near the Hard Rock Expansion which is presently underway and down the strip from MGM CityCenter and the COSMOPOLITAN.

Looks like those buyers who are snapping up the hotel-condos at MGM TURNBERRY's Signature Residences at short sale and forelosure prices upwards of $250k may be poised to enjoy quite a bit of new entertainment, dining, and shopping in years to come. And you just can't build these luxury condo units anymore at the price points of the existing ones.

Views from Tower 1 MOUNTAIN SIDE MGM SIGNATURE CONDO UNITS

Lavish Bathrooms are Standard in All Condos

Studio Interiors are Fully Furnished

CLICK TO VIEW ALL RESALE CONDO AT THE SIGNATURE AT MGM GRAND in the HARMON CORRIDOR

Click again on ascending order to reverse sort from low price to high price

CONTACT THE STARK TEAM

702 376-5220

www.LasVegasCondoExperts.com

for the deals and bargains in the MGM Signature CONDOS in the Harmon Corridor.

MGM City Center's Harmon Hotel & Condo hits a snag - READ THE NEWS

Clicking on the link will open today's article in the Las Vegas Sun and show you a stunning photo taken by Scott Morris of the trend-setting development and the Harmon in its halted state.  A few weeks ago when I was up in the COSMOPOLITAN EAST BEACH CLUB TOWER, I couldn't help but notice that the Harmon was not progressing.

If the Harmon is revised and lowered in height, the strip views of the COSMOPOLITAN'S BEACH CLUB TOWER south view units will have even longer and more expansive views. I am always one to see the glass half-full!

It's no secret that Las Vegas Strip Area real estate is taking a hit in value. Buyers of the Harmon condos will now have their money refunded, and at $1400+ per square foot, perhaps they should be thankful.  They can gobble up a bargain in an existing tower.

CONTACT THE STARK TEAM for all your Las Vegas high rise condominium needs

We have access to a few luxury condo foreclosures in:

SKY LAS VEGAS

MGM TURNBERRY SIGNATURE CONDO-HOTEL FORECLOSURES

Turnberry Place and Turnberry TowersREPOS

We know where the deals are - Call us: 702 376-5220

www.LasVegasCondoExperts.com